article thumbnail

How to Choose the Right Payment Processing Software

Stax

Security features Your payment services provider must be PCI-DSS compliant as a bare minimum requirement, and it should have other robust security features that are standard practice in your industry niche. The payment services provider must be PCI-DSS compliant as a bare minimum requirement to ensure protection from cyber threats.

Process 88
article thumbnail

Understanding NetSuite Payment Processing and Its Benefits

EBizCharge

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. Saved cards can facilitate smoother, faster payments and improve customer loyalty.

Process 52
article thumbnail

What is a Payment Service Provider (PSP) and How Do They Work?

Stax

Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCI DSS (Payment Card Industry Data Security Standard).

article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.